55905 92nd Avenue $1,890,000

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    55905 92nd Avenue Dowagiac, MI 49047

    • 63,148 sq. ft.
    • 7.30 Acres
    • Commercial
    • MLS# 23144901
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    Views: 30 Days On Site: 140

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    Property Details

    Investment Opportunity with Triple Net Industrial Lease! Gross Potential rent of over 175K with annual 2 % increases. Cap rate over 8%. Owner will cooperate with tax deferred exchanges! 8 years left on current lease with options for 10 more years. 63,000 s.f .total with a total of 7.1 acres.

    • General Features
      • Year Built 1955
      • New Construction Y/N false
      • Business Type Distribution,Manufacturing
      • County Or Parish Van Buren
      • Property Sub Type Industrial
      • Tax Annual Amount 24652.2
    • Building Features
      • Construction Materials Metal Siding
      • Building Area Total 63148.0
      • Roof Metal
      • Number Of Units Total 2
      • Heating Y/N true
      • Full Bathrooms 3
      • Bathrooms 3
      • Sewer Septic System
    • Property Features
      • Lot Size Acres 7.3
      • Lot Size Area 7.3
      • Number Of Buildings 3
      • Water Source Well, Public
      • Waterfront Y/N false
    • Schools
      • High School District Decatur

    Contact

    ALICIA KRAMER

    ALICIA KRAMER

    Associate Broker

    RE/MAX Lakeshore

    Mobile Phone: 616-403-0115

    Neighborhood

    49047 (Dowagiac) Demographics

    42 Median Age
    118 Population Density (per sq. mile)
    31% College Educated
    $48,395 Estimated Median Income
    4,680 Estimated Total Home Owners
    1,690 Estimated Total Renters
    73% / 27% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    14,578 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $170,000 Median Sales Price
    18 Homes Sold
    46 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,890,000
        12/14/2023 1:44:00 PM New in Database Source: Multiple Listing Service New Value: $1,890,000

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        Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 5/1/2024 10:45:44 PM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.